The core suburbs of Mumbai have long been associated with growing residential developments, open areas, and first-rate connections. According to Knight Frank, the Central Suburbs saw the biggest increase in property registrations in December 2024, rising from 29% to 33%. A spike in supply and increased end-user demand in certain areas are the causes of this expansion.
Because of their distinctive combination of contemporary infrastructure, lots of open space, and strong connectivity, neighbourhoods like Mulund have become increasingly popular for homeowners. Real estate experts point to Mulund’s development from a sleepy suburb to a bustling residential centre. Mulund has made a name for itself as a destination for people looking for a balance between luxury and affordability with various projects that appeal to different homebuyer categories.
“The central suburbs, particularly Mulund, are witnessing a remarkable transformation owing to improved infrastructure projects like the Mumbai Metro and road developments,” remarked Mr. Nishant Deshmukh, Founder and Managing Partner of Sugee Group, in response to the growing attraction of Mulund. It is becoming one of Mumbai’s most sought-after investment sites as a result of extensive redevelopment initiatives. Mulund has a prime position that smoothly connects the city’s eastern and western corridors, and homebuyers are realising the benefits of investing there.
Often referred to as the “Prince of Suburbs,” One of the rare neighbourhoods in Mumbai that blends contemporary city life with the tranquility of nature is Mulund. “Mulund is unique in its ability to stand out as a micro-market with its unique blend of urban charm and green living offering abundant open spaces,” stressed Mr. Navin Makhija, Managing Director of The Wadhwa Group.
Mulund is the ideal choice for today’s discriminating purchasers who value sustainability and well-being. Large-scale, upmarket residential developments with a focus on communal life and a profitable balance of luxury and convenience are indicative of the area’s development. The region’s allure is rapidly becoming associated with both luxurious living and exciting investment options as lifestyle facilities and infrastructure improvements keep developing.
Modern residential developments that satisfy the changing needs of homebuyers are becoming a greater priority for developers. “Mulund offers a vibrant mix of cultural heritage and modernity, making it a prime destination for families and professionals alike,” said Ms. Shraddha Kedia-Agarwal, Director of Transcon Developers. The increasing demand for high-end real estate in the region is evidence of its growing appeal. To meet this need, numerous well-known developers have established themselves here, fusing sustainability and luxury.
Bollywood’s father-son team, Amitabh and Abhishek Bachchan, recently made some noteworthy investments in the final quarter of 2024 by buying residential properties in Mumbai’s rapidly growing Mulund West neighbourhood.
Mulund’s real estate market is expected to rise rapidly as a result of infrastructural projects like the Mulund-Goregaon Link Road and the Mumbai Metro Line 4, which will improve connectivity even more. The suburb’s growing popularity among developers and buyers of real estate confirms its standing as one of Mumbai’s most desirable residential areas.
Mulund’s appeal is maintained as it develops further, solidifying its standing as a centre for opulent, environmentally friendly, and connected living. Mulund is an opportunity that is difficult to pass up for those wishing to make real estate investments in Mumbai.
Source: Business News Week